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A survey of manufacturing conditions in China showed marked improvement in October. Analysts said the reading reflected the effect of a steady drip of stimulus measures introduced by Beijing.
A gauge of manufacturing activity in China rose slightly in September but remained in contractionary territory for the 11th consecutive month, indicating that the world's second-largest economy is still slowing.
China's economic momentum slowed in March as factory activity shrank for a fifth straight month, leaving investors fretting about the risks to global growth and anticipating fresh policy support from Beijing.